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Category > Accounting Posted 01 May 2017 My Price 3.00

The Seminole Company wishes to apply

The Seminole Company wishes to apply the Miller-Orr model to manage its cash investment. Seminole’s management has collected the following estimates:

Seminole management has figured, based on their experience dealing with the cash flows of the company, that there should be a cushion—a safety stock—of cash of $20,000. Calculate the following: a. the lower limit b. the return point c. the upper limit

 

Answers

(8)
Status NEW Posted 01 May 2017 09:05 AM My Price 3.00

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file 1493629675-answer1.docx preview (116 words )
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